CDSL shares hit fresh record high, rally 87% in two months

CDSL continued to gain BO account market share from NSDL in the June quarter

Shares of Central Depository Services (India) (CDSL) hit an all-time high of Rs 514 on the National Stock Exchange (NSE) on Thursday after the stock rallied 6 per cent on expectation of improved earnings. In the past two trading days, the stock has zoomed 18 per cent on the back of heavy volumes.

In the past two months, the stock has soared 87 per cent from the level of Rs 275 on the back of strong June quarter earnings. CDSL’s consolidated net profit jumped 67 per cent year-on-year (YoY) at Rs 46.72 crore in April-June quarter (Q1FY21), on the